Live Nation Entertainment (NYSE:LYV) Price Target Raised to $170.00

Live Nation Entertainment (NYSE:LYV - Get Free Report) had its price target raised by analysts at JPMorgan Chase & Co. from $150.00 to $170.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has an "overweight" rating on the stock. JPMorgan Chase & Co.'s price objective indicates a potential upside of 18.12% from the company's previous close.

A number of other equities analysts have also issued reports on the stock. Deutsche Bank Aktiengesellschaft upped their target price on shares of Live Nation Entertainment from $130.00 to $150.00 and gave the stock a "buy" rating in a research report on Tuesday, November 19th. Evercore ISI increased their price objective on Live Nation Entertainment from $110.00 to $150.00 and gave the company an "outperform" rating in a research report on Tuesday, November 12th. The Goldman Sachs Group boosted their target price on Live Nation Entertainment from $148.00 to $166.00 and gave the stock a "buy" rating in a research report on Thursday, February 13th. Bank of America upped their price target on Live Nation Entertainment from $125.00 to $149.00 and gave the company a "buy" rating in a research note on Thursday, November 14th. Finally, Macquarie lifted their price objective on Live Nation Entertainment from $130.00 to $146.00 and gave the stock an "outperform" rating in a research report on Friday, November 15th. Two investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, Live Nation Entertainment presently has a consensus rating of "Moderate Buy" and a consensus price target of $156.00.

Live Nation Entertainment Price Performance

LYV stock traded down $10.70 during midday trading on Friday, reaching $143.93. 3,967,055 shares of the company's stock traded hands, compared to its average volume of 2,089,501. The company has a 50-day simple moving average of $139.57 and a two-hundred day simple moving average of $123.19. The company has a quick ratio of 1.01, a current ratio of 1.01 and a debt-to-equity ratio of 6.10. Live Nation Entertainment has a 1-year low of $86.81 and a 1-year high of $157.75. The company has a market cap of $33.44 billion, a price-to-earnings ratio of 52.91, a PEG ratio of 1.81 and a beta of 1.38.

Live Nation Entertainment (NYSE:LYV - Get Free Report) last announced its earnings results on Thursday, February 27th. The company reported $0.56 earnings per share for the quarter, beating analysts' consensus estimates of ($0.93) by $1.49. The company had revenue of $5.68 billion during the quarter, compared to analyst estimates of $5.67 billion. Live Nation Entertainment had a return on equity of 139.09% and a net margin of 3.90%. On average, analysts anticipate that Live Nation Entertainment will post 2.38 earnings per share for the current year.

Institutional Trading of Live Nation Entertainment

Large investors have recently bought and sold shares of the business. Smartleaf Asset Management LLC boosted its holdings in shares of Live Nation Entertainment by 17.9% in the fourth quarter. Smartleaf Asset Management LLC now owns 493 shares of the company's stock valued at $65,000 after buying an additional 75 shares during the period. SOA Wealth Advisors LLC. boosted its stake in Live Nation Entertainment by 19.0% in the 4th quarter. SOA Wealth Advisors LLC. now owns 500 shares of the company's stock worth $65,000 after purchasing an additional 80 shares during the period. Western Pacific Wealth Management LP increased its holdings in Live Nation Entertainment by 10.4% during the 4th quarter. Western Pacific Wealth Management LP now owns 867 shares of the company's stock worth $112,000 after purchasing an additional 82 shares in the last quarter. Cromwell Holdings LLC raised its stake in shares of Live Nation Entertainment by 25.7% in the 3rd quarter. Cromwell Holdings LLC now owns 431 shares of the company's stock valued at $47,000 after purchasing an additional 88 shares during the period. Finally, Private Advisor Group LLC lifted its holdings in shares of Live Nation Entertainment by 2.8% in the third quarter. Private Advisor Group LLC now owns 3,218 shares of the company's stock valued at $352,000 after purchasing an additional 89 shares in the last quarter. 74.52% of the stock is owned by institutional investors.

Live Nation Entertainment Company Profile

Live Nation Entertainment, Inc operates as a live entertainment company worldwide. It operates through Concerts, Ticketing, and Sponsorship & Advertising segments. The Concerts segment promotes live music events in its owned or operated venues, and in rented third-party venues. This segment operates and manages music venues; produces music festivals; creates and streams associated content; and offers management and other services to artists.